Top 10 European IPOs of 2017

- Top 10 - Feb 01, 2018

The region scored the highest number of deals since 2007. Looking back at 2017, we rank the top 10 IPOs in Europe by proceeds...

10. Terveystalo - $1.042bn (Finland)
In just 15 years Terveystalo has become the largest healthcare service company in Finland, offering versatile healthcare, occupational healthcare, medical and examination services in nearly 150 clinics around Finland. Its customers include private individuals, companies and communities, insurance firms and the public sector.

Terveystalo employs almost 9,000 healthcare professionals with more than one million customers and in 2016 registered 2.7mn doctor visits, accounting for 12% of Finland’s total.

OUT NOW! Business Chief, Europe edition - February 2018 issue

9. Play Communications $1.054bn (Poland)
Founded in 2005 Play Communications is one of the fastest growing European mobile operators and the second largest mobile network operator in Poland based on reported number of subscribers, with over 14.3mn subscribers as of March 2017, a 37% increase year on year. Play provides mobile voice, messaging and data offerings and services to consumers and businesses on a contract and prepaid basis.

Play has been one of the most successful late entrants to the mobile market in Europe, gaining a subscriber market share of approximately 27% during ten years of operations.

8. Delivery Hero - $1.115bn (Germany)
Niklas Östberg founded Delivery Hero in 2011 building the global leader in online food ordering. His founding team shared decades of knowledge of working with internet companies. Headquartered in Berlin, the company boasts 1,000 employees at its HQ alone along with employees from over 70 nationalities across five continents delivering best practice from markets at each corner of the world.

The business is backed by first-tier investors and to date $1bn has been raised to aid Delivery Hero on its mission to provide people with the easiest route to their favourite food.

7. ALD - $1.238bn (France)
ALD S.A. provides fleet management and long-term vehicle leasing solutions to companies in France and internationally. It offers full service leasing, outsourcing solutions, sale and lease back services, and fleet consultancy. The company also provides tools and services for fleet managers and drivers; and maintenance, assistance, availability of a vehicle, and tire management services.

In addition, it engages in trading of used cars and light commercial vehicles, as well as the retail sale of used cars. The company was founded in 1946 and is based in Puteaux, France. ALD S.A. is a subsidiary of Societe Generale Group.

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6. En+ Group - $1.5bn (Russia)
En+ Group is a leading vertically integrated aluminium and power producer unique among natural resources companies. The company’s website claims its business advantage comes from the full integration of world class hydro power assets that reliably and sustainably supply the energy required for the production of aluminium.

Allied to this, its aluminium production capabilities make it the largest producer in the sector outside of China. With an established presence in 19 countries and a strong operational hub in Siberia, combining the assets of both metals and energy segments, the group is able to capture global opportunities through best-in-class assets and scale.

5. Galencia - $1.886bn (Switzerland)
Galenica is the leading fully-integrated healthcare provider in Switzerland, operating the largest network of pharmacies in Switzerland (made up of 500 own, joint venture and independent partners) offering well-known own brands and products, exclusive brands and products from business partners as well as a variety of on-site health services and tests for customers.

It also provides marketing services, distribution and supply chain management of OTC (over the counter), para-pharmaceutical and health and beauty products.

4. BAWAG Group - $1.975bn (Austria)
BAWAG Group operates one of Austria's largest capitalised banks with more than 130 years’ experience, serving over 2.2mn customers offering financial products and services through a multi-channel strategy, combining a centrally managed branch network with a digital banking offering. BAWAG Group is a major player in the direct banking market through its easybank business as well as online and mobile platforms.

It offers comprehensive savings, payment, lending, leasing, investment, building society and insurance products and services to retail, small business and corporate customers across the country allied to its global presence, particularly in the DACH region. For the financial year 2016, it ranked among the top 5% of European banks across key profitability and efficiency metrics.

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3. Landis & Gyr Group - $2.381bn (Switzerland)
For more than 120 years, Landis+Gyr has been an industry leader in energy management solutions. Using its advanced metering infrastructure and other cutting-edge smart grid technologies, it helps utility companies all over the globe improve their operations, protect their assets, lower their operating costs and provide better customer service.

With a focus on quality, reliability, and innovation Landis+Gyr’s website states its mission is to utilise its portfolio of products and services to modernise its customers’ smart grids for the future.

2. Pirelli - $2.614bn (Italy)
Pirelli was founded in Milan in 1872. Still headquartered there, it’s now a global brand known for its use of cutting-edge technology, high-end production excellence and passion for innovation that draws heavily on its Italian roots.

With around 30,000 employees and a turnover of €5bn in 2016, Pirelli is a major player in the tyre industry and the only global player focused solely on the consumer tyre market, for cars, motorcycles and bicycles.

After de-listing in 2015 the company underwent a thorough reorganisation and invested in new skills and functions critical for the future, such as Consumer Marketing, Digital, Data Science, Cyber, and Velo. In March 2017, Pirelli spun off its industrial tyre business to focus 100% on consumer tyres to deliver innovation and specialties for its comprehensive product portfolio.

1. Allied Irish Bank - $3.837bn (Ireland)
 AIB Group PLC provides banking and financial products and services to individuals, businesses, and corporate customers primarily in the Republic of Ireland and the UK. The company offers various deposit products, such as current accounts, demand deposits, regular saver deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.

It also provides a range of loans, including personal, car, home improvement, travel, education, wedding, and overdraft loans, as well as graduate finance, mortgages, corporate finance, asset finance, business loans, energy efficiency finance, farmer credit line and farm development loans.

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